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OneForce Holdings (HKSE:01933) Days Inventory : 27.30 (As of Sep. 2023)


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What is OneForce Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). OneForce Holdings's Average Total Inventories for the six months ended in Sep. 2023 was HK$34.1 Mil. OneForce Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$228.2 Mil. Hence, OneForce Holdings's Days Inventory for the six months ended in Sep. 2023 was 27.30.

The historical rank and industry rank for OneForce Holdings's Days Inventory or its related term are showing as below:

HKSE:01933' s Days Inventory Range Over the Past 10 Years
Min: 16.81   Med: 28.95   Max: 56.01
Current: 21.42

During the past 9 years, OneForce Holdings's highest Days Inventory was 56.01. The lowest was 16.81. And the median was 28.95.

HKSE:01933's Days Inventory is ranked worse than
51.83% of 1559 companies
in the Software industry
Industry Median: 19.53 vs HKSE:01933: 21.42

OneForce Holdings's Days Inventory increased from Sep. 2022 (17.85) to Sep. 2023 (27.30). It might indicate that OneForce Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. OneForce Holdings's Inventory Turnover for the six months ended in Sep. 2023 was 6.68.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. OneForce Holdings's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.13.


OneForce Holdings Days Inventory Historical Data

The historical data trend for OneForce Holdings's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

OneForce Holdings Days Inventory Chart

OneForce Holdings Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Inventory
Get a 7-Day Free Trial Premium Member Only 47.81 28.95 17.37 16.81 18.04

OneForce Holdings Semi-Annual Data
Mar15 Mar16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.24 15.52 17.85 13.78 27.30

Competitive Comparison of OneForce Holdings's Days Inventory

For the Software - Application subindustry, OneForce Holdings's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


OneForce Holdings's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, OneForce Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where OneForce Holdings's Days Inventory falls into.



OneForce Holdings Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

OneForce Holdings's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

Days Inventory (A: Mar. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Mar. 2022 ) + Total Inventories (A: Mar. 2023 )) / count ) / Cost of Goods Sold (A: Mar. 2023 )*Days in Period
=( (17.846 + 22.125) / 2 ) / 404.322*365
=19.9855 / 404.322*365
=18.04

OneForce Holdings's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

Days Inventory (Q: Sep. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Mar. 2023 ) + Total Inventories (Q: Sep. 2023 )) / count ) / Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=( (22.125 + 46.145) / 2 ) / 228.159*365 / 2
=34.135 / 228.159*365 / 2
=27.30

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


OneForce Holdings  (HKSE:01933) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

OneForce Holdings's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

OneForce Holdings's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.


OneForce Holdings Days Inventory Related Terms

Thank you for viewing the detailed overview of OneForce Holdings's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


OneForce Holdings (HKSE:01933) Business Description

Traded in Other Exchanges
N/A
Address
No. 9, 3rd Shang Di Street, 9th Floor, Tower E, Jia Hua Mansion, Haidian District, Beijing, CHN
OneForce Holdings Ltd is engaged in the design, implementation, enhancement, and upgrades of software systems and the provision of technical services and hardware for the power grid and distribution companies in the People's Republic of China. Its operating segment includes Software and solutions; Technical Services and Products. The company generates maximum revenue from the Technical services segment. Geographically, it operates in China.
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